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The Vietnam Cashew association (Vinacas) has recently held a convention to assessment the business’s efficiency within the first seven months of 2019 and are looking for solutions to the issues facing it.
The cashew industry reviews its efficiency this year and discusses measures to beat difficulties at a conference in HCM metropolis
Pham Van Cong, chairman of Vinacas, mentioned theindustry has been dealing with loads of difficulties on the grounds that last year.
This 12 months, it exported pretty much 245,000 tonnes, anincrease of percent 12 months-on-12 months, however with international fees down by way of anaverage of virtually 22 percent, revenues have been down 14 at billion USD,he said.
Truong Sy Ba, CEO of Tan long community, a largeagricultural business, mentioned domestic give handiest meets 20 percent of theindustry’s raw cashew demand and the rest must be imported.
closing month, Tan long neighborhood purchased 215,000 tonnesfrom three African countries, including 176,000 tonnes from Tanzania, and thisis anticipated to ease the concern about a scarcity of raw materials this 12 months, hesaid.
according to Vinacas experts, uncooked cashew pricesand demand are anticipated to enhance within the fourth quarter of this 12 months,notably in the US.
Vinacas sought the Ministry of exchange andIndustry’s support for agencies to purchase equipment, gadget, technologiesand amenities to enrich productivity and ensure meals security and great.
It additionally urged the ministry to continue with itsCashew of Vietnam programme to deliver market guidance and packaging design.
Vinacas desired the Ministry of Agriculture andRural development to help a programme to overview and improve cashew-growingareas in neighbouring international locations corresponding to Cambodia and Laos to take abilities oftheir land components to create a sustainable supply of raw substances for theindustry.-VNA